Amid coronavirus fears, Fox News blames Bernie Sanders for stock market downturn
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From the February 24, 2020, edition of Fox News' America's Newsroom
ED HENRY (CO-ANCHOR): Is the sell-off all coronavirus or is this the first time the markets are open since Bernie Sanders took control of the Democratic battle?
CHARLES PAYNE (FOX BUSINESS HOST): The Bernie factor is finally rearing its head in the stock market. Molina Health, one of the biggest health insurance in this country, is down 8%. UnitedHealth is down over 6%. Anthem is down 5%. Hospital stocks are getting hit, Community Psychiatric is down 5%.
SANDRA SMITH (CO-ANCHOR): Can you directly attribute --
PAYNE: Absolutely.
SMITH: -- that sell-off to Bernie Sanders?
PAYNE: Drug stocks are down 4%. I mean, Teva is down 4%, Mylan is down 3%. There's absolutely no doubt. Now, these stocks got hammered when Elizabeth Warren was in the lead, and when she had her biggest point of leading in the polls, all of these stocks were under an extreme amount of pressure. As she began to wane and some of these names like UnitedHealth --
HENRY: They don't like Medicare for All?
PAYNE: -- came out with great earnings estimates. They rebounded pretty nicely. This is the first time I think Wall Street has taken Bernie Sanders very seriously.